Saudis Finally Move to Crack Down
On Funds Allegedly Used for Terror

By

James M. Dorsey Staff Reporter of The Wall Street Journal

Updated Feb. 4, 2002 12:01 a.m. ET

RIYADH, Saudi Arabia -- A Saudi campaign to crack down on alleged funding of terrorist networks from the kingdom and put an end to money laundering is gaining momentum after months of U.S. criticism that the government was dragging its feet, according to Saudi officials and Western diplomats.

Saudi officials have said they are speeding up adoption of a new money-laundering law and are monitoring 150 accounts of entities and...